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General Share Trading

BZM

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TOPIC: BZM

BZM 31 May 2014 00:30 #1

Count OFFLINE Junior Boarder Posts: 114 Thank you received: 120 Karma: 5	Thanks for the good advice remo. Lesson learnt
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BZM 29 May 2014 08:46 #2

remo
NOW ONLINE
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Posts: 3137
Thank you received: 5606
Karma: 113

Hi count
Dont use 123 low on penny shares using intra day charts. Big mistake.123 lows perform best on daily charts.
Penny shares are too risky to use conventional methods.

With penny shares its always riskier to place trades based on technicals.
This did have a breakout of the 123 low on the daily chart but that was a few days back but that was not as clear as i would have liked.

dl.dropboxusercontent.com/u/4899609/bmz29thmay2014.png

Information Purposes Only, Do Your Own Research
remo

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The following user(s) said Thank You: Count

BZM 28 May 2014 14:18 #3

Count OFFLINE Junior Boarder Posts: 114 Thank you received: 120 Karma: 5	This is not looking great since opening this morning. Think I'll now keep my eye on the daily chart and wait for a new higher low.
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BZM 28 May 2014 01:01 #4

Count OFFLINE Junior Boarder Posts: 114 Thank you received: 120 Karma: 5	Bellzone (BZM) had quite a rise today closing 56.61% up at 4.025. High of the day was 4.25. I was looking at the hourly chart and I think there is a potential 123 low formation should the SP now break above 4.25. In my opinion this would give a target of ~ 5.24 screencast.com/t/6l6VHZ7l0Ej4
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